Bankruptcy. The arrival of that notice stating a customer has filed for bankruptcy can evoke less-than-ideal responses: forwarding the notice to someone else who might know what to do with it (resulting in the notice ending up in a forever loop of being forwarded along); immediately writing off the account and cutting your losses; or,
Anna-Bryce Hobson is an associate in the Construction Practice Group. She represents general contractors and subcontractors engaged in a variety of construction projects. Her primary focus is on public and private commercial construction disputes, whether they be in the form of lien actions, delay claims, general breach of contract disputes, or other construction-related claims. Anna-Bryce also assists clients in drafting and negotiating their construction contracts.
Small businesses often struggle to reorganize in bankruptcy. To address this issue, Congress passed the Small Business Reorganization Act of 2019 (the SBRA). The SBRA took effect in February 2020 and makes small business bankruptcies faster and less expensive.
The recent case of In re Ventura, 2020 WL 1867898 (E.D.N.Y. Apr. 10, 2020) addresses…